Expedia Group, Inc. $EXPE Shares Sold by Candriam S.C.A.

Candriam S.C.A. decreased its holdings in shares of Expedia Group, Inc. (NASDAQ:EXPE) by 35.0% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 9,353 shares of the online travel company’s stock after selling 5,042 shares during the period. Candriam S.C.A.’s holdings in Expedia Group were worth $2,472,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. 180 Wealth Advisors LLC acquired a new position in Expedia Group in the third quarter valued at approximately $204,000. Pictet Asset Management Holding SA boosted its stake in Expedia Group by 10.8% in the third quarter. Pictet Asset Management Holding SA now owns 74,298 shares of the online travel company’s stock valued at $19,567,000 after acquiring an additional 7,231 shares during the last quarter. Twin Peaks Capital Ltd bought a new position in Expedia Group in the third quarter valued at approximately $1,975,000. Ashton Thomas Private Wealth LLC grew its holdings in Expedia Group by 3.2% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 14,400 shares of the online travel company’s stock worth $3,792,000 after acquiring an additional 446 shares during the period. Finally, Allegiance Financial Group Advisory Services LLC grew its holdings in Expedia Group by 30.2% during the 3rd quarter. Allegiance Financial Group Advisory Services LLC now owns 2,145 shares of the online travel company’s stock worth $565,000 after acquiring an additional 498 shares during the period. 90.76% of the stock is owned by institutional investors.

Expedia Group Price Performance

EXPE stock opened at $259.79 on Thursday. The stock has a 50-day moving average price of $278.24 and a two-hundred day moving average price of $259.23. Expedia Group, Inc. has a 1 year low of $185.34 and a 1 year high of $342.00. The stock has a market cap of $31.18 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.60 and a beta of 1.39. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 1.62.

Expedia Group (NASDAQ:EXPE) last released its quarterly earnings results on Wednesday, November 4th. The online travel company reported $9.39 earnings per share for the quarter, topping analysts’ consensus estimates of $8.85 by $0.54. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.73 billion. Expedia Group had a return on equity of 91.03% and a net margin of 12.98%. The business’s revenue was up 11.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $7.57 EPS. Equities analysts forecast that Expedia Group, Inc. will post 17.37 EPS for the current fiscal year.

Expedia Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 10th. Stockholders of record on Wednesday, November 18th will be paid a dividend of $0.48 per share. The ex-dividend date is Wednesday, November 18th. This represents a $1.92 annualized dividend and a dividend yield of 0.7%. Expedia Group’s payout ratio is currently 11.21%.

Analyst Upgrades and Downgrades

Several analysts have commented on EXPE shares. Piper Sandler reiterated a “neutral” rating and set a $335.00 target price (up from $325.00) on shares of Expedia Group in a research report on Thursday, November 5th. The Goldman Sachs Group restated a “buy” rating and issued a $320.00 price target on shares of Expedia Group in a research report on Thursday, November 5th. Benchmark raised their price target on Expedia Group from $290.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Citigroup decreased their price objective on Expedia Group from $345.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, November 6th. Finally, Weiss Ratings downgraded Expedia Group from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday. Fifteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $316.00.

Insider Activity

In related news, insider Robert J. Dzielak sold 2,000 shares of the firm’s stock in a transaction dated Monday, August 17th. The shares were sold at an average price of $330.50, for a total value of $661,000.00. Following the completion of the sale, the insider directly owned 105,335 shares in the company, valued at approximately $34,813,217.50. This trade represents a 1.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Lance A. Soliday sold 2,810 shares of Expedia Group stock in a transaction dated Tuesday, August 18th. The stock was sold at an average price of $323.65, for a total value of $909,456.50. Following the transaction, the chief accounting officer owned 12,006 shares of the company’s stock, valued at $3,885,741.90. The trade was a 18.97% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 5,814 shares of company stock worth $1,906,796 over the last 90 days. 5.20% of the stock is owned by company insiders.

Expedia Group Company Profile

Expedia Group, Inc. is an online travel company that connects travelers with lodging, flights, rental cars, cruises, vacation packages and activities. Its consumer-facing brands include Expedia, Hotels.com and Vrbo, which specializes in vacation rentals. The company also provides travel technology and booking services to business partners. Founded in 1996 as a division of Microsoft, Expedia became an independent public company in 1999. It serves travelers and lodging partners in markets around the world through its websites and mobile apps.